Dairy Lab Services Inc is located in Freeport, IL. The organization was established in 1999. According to its NTEE Classification (K20) the organization is classified as: Agricultural Programs, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Dairy Lab Services Inc is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2021, Dairy Lab Services Inc generated $161.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $173.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROVIDED DAIRY HERD MANAGEMENT INFORMATION FOR FARMERS IN THE COUNTY AND AREA.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Mitchell President | 1 | $0 | |
Jen Busker Vice President | 1 | $0 | |
James Villebro Director | 1 | $0 | |
Jodi Hollis Director | 1 | $0 | |
Kyle Koester Director | 1 | $0 | |
Shirley Oakes Secretary | 1 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $160,950 |
| Membership dues | $0 |
| Investment income | $4 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $160,954 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $74,670 |
| Professional fees and other payments to independent contractors | $1,827 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $96,907 |
| Total expenses | $173,404 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $52,188 |
| Other assets | $0 |
| Total assets | $52,188 |
| Total liabilities | $313 |
| Net assets or fund balances | $51,875 |